Below is a recap of this week’s blog posts including equipment management in the ITAD industry, a new chip recovery service introduced by Lyon Group, the evolution of IT asset disposition known as vITAD and the unknown battery danger in vapes.
IT hardware is a crucial part of any business, especially in this digital age. In this technology-driven era, properly maintaining IT assets prolongs device lifespan and provides communication in the workplace and remotely. Part of maintaining IT assets is equipment management.
After the pandemic created widespread supply chain issues and chip shortages, Greene Lyon Group decided to commercialize a new technology they first developed over a decade ago through a new company division called IC Recovery. According to E-Scrap News, IC Recovery is employing a recovery-as-a-service business model. Companies, including OEMs and ITAD firms, pay a fee to have IC Recovery remove higher-value chips from printed circuit boards en masse.
Traditionally, the core services of IT asset disposition have included logistics, data sanitization, certification, onsite services, and more. However, as the digital landscape evolves, clients’ needs become more sophisticated.The ITAD industry is evolving to include a new list of criteria and expectations to meet these needs. HOBI president and co-founder Craig Boswell discussed these additions at the 2022 E-Scrap Conference, referring to the new criteria as value-added IT asset disposition services, or vITAD.
Battery danger is no new phenomenon but can pose a significant threat to those who are unaware. Because of its rechargeable nature, lithium is a high-demand metal used in almost every electronic device made today, including vapes and e-cigarettes. Vaping is extremely popular due to its convenience and the plethora of flavors available. The Truth Initiative, a public health organization working to end smoking and vaping, surveyed more than 2,700 young people and found that more than half of 15 to 24-year-olds who vape use disposable devices.